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Published on 18.03.2025 by Tracey Chizoba Fletcher
Influencer marketing is the future of the creator economy. If you are an influencer, landing your first brand deal can be exciting. However, it can also fill you with anxiety as you negotiate. You want to ensure you get value for your efforts while avoiding losing the deal because of overcharging. This article will guide you through navigating your first brand deal and what you need to know.
While there are some industry standards for influencer marketing, it can be hard to standardize the rates as many factors affect influencer marketing. For instance, an influencer who creates video content will likely charge more than another who creates text content. Additionally, the compensation for influencer marketing can depend on different models, such as:
To start negotiating a good deal with a brand, here are the steps you need to follow:
When negotiating with brands, make sure you understand your worth. You can determine this by considering your number of followers, engagement rate, and the industry averages. While this will depend on factors such as region and niche, you can start with a rate of $10 for 1000 followers. Once you understand your reasonable rate, you can put this in a rate card.
A rate card is a good tool for influencers to show their various services and the cost of such services. When creators have a rate card, it creates a sense that they have prethought their products and services. This also offers a good starting point for discussions with a brand. Some of the details to include in a rate card are:
Negotiating for brand deals isn't only about the financial gains, it also involves determining what deliverables you require. This can ensure that you and the brand are on the same page, removing the chances of conflicts. To understand the deliverables, you only need to ask the right questions, such as:
Once the brands present their expectations, you must ensure you meet your side of the bargain. However, when doing that, you should also focus on your platform and fans to create content that meets their needs. This is important as the quality of the followers you bring will matter as much as the numbers themselves.
A common mistake when negotiating with brands is overlooking the issue of content usage rights. This is important as it determines how and where a brand can use the content you produce for them. Some brands may only need the content for their social media pages, while others may use it in advertisements, offline promotions, and newsletters. You also need to understand the duration of the content's use. Is it for one month, a year, or indefinitely?
Ensure that you negotiate exclusivity. You don't want a situation where you are tied down by the brand and prevented from working with its competitors. If you will be promoting exclusively to the brand, you need to be compensated for the potential loss of income. The higher the usage rights, the more compensation you should request from the brand.
Remember that brands, too, want the best value for money. That means they want to work with an influencer who will provide them with value for money. You can show the brand the value you offer them by sharing your metrics, such as post reach, likes, comments, and shares.
You can also add a blurb on your mission statement, partnership ideas, and social media handles. You should include information on your audience demographics, such as age, location, and gender. This information will help show an influencer's ability to drive social commerce sales.
You can now pitch to the brand using your rate card and have a discounted rate card to encourage brands to work with you. You can also position yourself better by offering several packages at different price ranges, enabling you to meet the various client needs. Ensure that you include the necessary data showing why your rates are justified. On top of the hard numbers such as follower count, you can include details, such as:
If you feel a brand offers lower rates than expected, negotiate with them. The goal is to ensure a win-win situation for the influencer and the brand.
With influencer marketing trends changing regularly, how influencer marketing is done is expected to change. For instance, influencers are likely to face competition from AI influencers. That means brands must up their game when negotiating with them and show the value they will offer in the influencer marketing partnerships. By following the above tips, influencers can have great brand deals.
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Unless you’re Kylie Jenner, you do need some help with social media. The more followers you get on platforms like Instagram and Twitter, the more influential you get. Having the power to influence people’s opinions is not only impressive but can also be very profitable. The bad news is that everyone wants to be famous and influential these days, but only a few can succeed. The good news is that you can be the chosen one who will get social media fame and everything that comes with it. But, for that, you need a little help from your friends from SocialWick.
With our help, you will increase the number of followers on social media, which will have a domino effect and bring you even more new followers. Once people see that you got big followership, they will decide to give you a follow. "If a profile has so many followers, it means that it’s interesting" – you can be sure this is going to be their reasoning. Furthermore, more followers mean a better ranking on search engines. And that means more potential customers/clients for your business. Finally, a large number of followers also do great for your credibility. Our social media services will help you to create a better overall picture of your brand.
Let’s be honest; a business with 30,000 followers is much more credible than one with 74 followers. And that’s exactly what potential customers will pay attention to. A weak social media profile can be a real deal-breaker. At the same time, a fantastic social media profile can do wonders for your company. And SocialWick can make your social media profile amazing!